Dependable and diverse yields: Inside the yAxis v3 upgrade and UIRead on the DeFi Pulse Blog

Total Value Locked (USD)

$111.02B

Maker Dominance

18.12%

DeFi Pulse Index

346.56
+12.88
(+3.86%)

Available fromTokenSets

Total Value Locked (USD) in DeFi

  • TVL (USD)
  • ETH
  • BTC
  • All
  • 1 Year
  • 90 Day
  • 30 Day
defipulse chart
Notional Banner Link
Lending
DEXes
Derivatives
Payments
Assets
defipulse small logoNameChainCategory1 Day %
🏆
1.
Maker
Ethereum
Lending
$20.17B
5.26%
🥈
2.
Curve Finance
Multichain
DEXes
$15.98B
3.76%
🥉
3.
Aave
Multichain
Lending
$13.21B
10.21%
4.
InstaDApp
Ethereum
Lending
$12.47B
3.12%
5.
Compound
Ethereum
Lending
$12.11B
4.50%
6.
Convex Finance
Ethereum
Assets
$10.45B
2.13%
7.
Uniswap
Ethereum
DEXes
$8.29B
6.48%
8.
yearn.finance
Ethereum
Assets
$4.61B
4.65%
9.
SushiSwap
Ethereum
DEXes
$4.18B
2.82%
10.
Liquity
Ethereum
Lending
$3.02B
4.13%
11.
Balancer
Ethereum
DEXes
$2.19B
-1.68%
12.
Bancor
Ethereum
DEXes
$1.84B
-0.05%
13.
Rari Capital
Ethereum
Assets
$1.62B
4.12%
14.
Flexa
Ethereum
Payments
$1.61B
-7.69%
15.
Fei Protocol
Ethereum
Assets
$1.05B
3.60%
16.
DeFi Saver
Ethereum
Lending
$1.04B
7.11%
17.
RenVM
Ethereum
Assets
$1.00B
-1.35%
18.
dYdX
Ethereum
Derivatives
$979.4M
0.65%
19.
Notional
Ethereum
Lending
$938.2M
1.45%
20.
Alchemix
Ethereum
Lending
$890.8M
8.89%
21.
Tornado Cash
Ethereum
Payments
$868.7M
5.20%
22.
TrueFi
Ethereum
Lending
$855.1M
-0.10%
23.
Badger DAO
Ethereum
Assets
$850.7M
-0.90%
24.
Alpha Homora
Ethereum
Lending
$763.1M
0.78%
25.
Synthetix
Ethereum
Derivatives
$745.7M
6.24%
26.
Nexus Mutual
Ethereum
Derivatives
$729.3M
6.55%
27.
Index Coop
Ethereum
Assets
$706.0M
3.01%
28.
Loopring
Ethereum
DEXes
$687.8M
0.55%
29.
Sablier
Ethereum
Payments
$646.3M
0.36%
30.
Olympus
Ethereum
Assets
$473.6M
2.40%
31.
C.R.E.A.M. Finance
Ethereum
Lending
$423.2M
7.98%
32.
Set Protocol
Ethereum
Assets
$349.5M
2.15%
33.
Harvest Finance
Ethereum
Assets
$308.2M
1.65%
34.
KeeperDAO
Ethereum
Lending
$294.2M
2.47%
35.
Reflexer
Ethereum
Lending
$235.5M
6.34%
36.
Ribbon Finance
Ethereum
Derivatives
$215.4M
2.89%
37.
Vesper
Ethereum
Assets
$209.9M
0.77%
38.
Element Finance
Ethereum
Assets
$204.0M
3.16%
39.
KEEP Network
Ethereum
Assets
$191.2M
3.51%
40.
Lightning Network
Bitcoin
Payments
$188.3M
-2.14%
41.
DefiDollar
Ethereum
Assets
$184.8M
-1.10%
42.
Enzyme Finance
Ethereum
Assets
$165.3M
5.12%
43.
Saddle
Ethereum
DEXes
$157.3M
5.18%
44.
xDai
Ethereum
Payments
$149.8M
2.80%
45.
mStable
Multichain
Assets
$145.6M
2.51%
46.
BiFi
Ethereum
Lending
$136.5M
-22.21%
47.
Origin Protocol
Ethereum
Assets
$134.3M
16.97%
48.
Pickle Finance
Ethereum
Assets
$129.3M
3.49%
49.
Metronome
Ethereum
Assets
$113.2M
6.30%
50.
Idle Finance
Ethereum
Lending
$100.5M
-0.05%
51.
BoringDAO
Ethereum
Assets
$95.9M
-2.95%
52.
B.Protocol
Ethereum
Lending
$89.5M
14.90%
53.
Dfyn Network
Polygon
DEXes
$89.4M
3.75%
54.
DeversiFi
Ethereum
DEXes
$87.6M
14.83%
55.
O3 Swap
Ethereum
Assets
$84.5M
3.01%
56.
DODO
Ethereum
DEXes
$77.9M
4.13%
57.
Beta Finance
Ethereum
Lending
$67.5M
-4.60%
58.
Kyber
Ethereum
DEXes
$66.9M
4.29%
59.
QiDao
Polygon
Lending
$66.2M
5.37%
60.
DerivaDEX
Ethereum
Derivatives
$63.7M
23.06%
61.
DeFi Swap
Ethereum
DEXes
$62.3M
2.35%
62.
Inverse
Ethereum
Assets
$61.6M
-4.33%
63.
UMA
Ethereum
Derivatives
$50.9M
-0.31%
64.
1inch Liquidity Protocol
Ethereum
DEXes
$45.1M
1.28%
65.
dForce
Ethereum
Lending
$34.2M
2.19%
66.
Bella Flex Saving
Ethereum
Assets
$33.9M
-1.75%
67.
Gnosis
Ethereum
DEXes
$32.1M
6.26%
68.
Strike
Ethereum
Lending
$31.5M
1.00%
69.
WePiggy
Ethereum
Lending
$31.3M
0.39%
70.
Pendle Finance
Ethereum
Derivatives
$24.4M
1.98%
71.
DFX Finance
Multichain
DEXes
$22.5M
5.98%
72.
BarnBridge
Ethereum
Derivatives
$20.3M
1.63%
73.
Shell
Ethereum
DEXes
$20.0M
-0.46%
74.
xToken
Ethereum
Assets
$18.3M
1.27%
75.
Visor Finance
Ethereum
Assets
$17.9M
-11.34%
76.
bZx
Ethereum
Lending
$17.6M
1.38%
77.
Cryptex
Ethereum
Derivatives
$17.5M
7.25%
78.
HEGIC
Ethereum
Derivatives
$17.4M
4.78%
79.
88mph
Ethereum
Lending
$17.4M
0.68%
80.
IDEX
Ethereum
DEXes
$14.8M
6.93%
81.
Integral
Ethereum
DEXes
$13.5M
4.54%
82.
dHEDGE
Ethereum
Assets
$13.4M
4.79%
83.
InsurAce Protocol
Ethereum
Derivatives
$12.4M
1.47%
84.
Erasure
Ethereum
Derivatives
$11.9M
-1.38%
85.
OnX Finance
Ethereum
Lending
$11.5M
5.02%
86.
Tranche
Multichain
Derivatives
$10.8M
3.08%
87.
C.R.E.A.M. Swap
Ethereum
DEXes
$9.4M
5.79%
88.
Swerve Finance
Ethereum
DEXes
$8.3M
-0.06%
89.
Premia
Ethereum
Derivatives
$7.2M
-5.10%
90.
DDEX
Ethereum
Lending
$6.2M
-7.69%
91.
Crypto Volatility Index
Multichain
Derivatives
$6.2M
-2.43%
92.
Mushrooms Finance
Ethereum
Assets
$6.0M
4.89%
93.
Nsure Network
Ethereum
Derivatives
$5.8M
2.76%
94.
Warp Finance
Ethereum
Lending
$5.5M
1.21%
95.
Convergence
Ethereum
DEXes
$5.3M
-0.03%
96.
PowerIndex
Ethereum
DEXes
$4.5M
0.97%
97.
cvault.finance
Ethereum
Assets
$4.5M
9.59%
98.
Impermax
Ethereum
Lending
$4.4M
4.09%
99.
Wing Finance
Ethereum
Lending
$3.4M
1.98%
100.
PieDAO
Ethereum
Assets
$2.6M
1.72%
101.
DEXTF
Ethereum
Assets
$2.4M
5.26%
102.
Augur
Ethereum
Derivatives
$2.4M
0.00%
103.
MCDEX
Ethereum
Derivatives
$2.1M
-0.81%
104.
Opium Network
Multichain
Derivatives
$2.0M
-43.72%
105.
Siren
Ethereum
Derivatives
$1.9M
4.38%
106.
Lien
Ethereum
Derivatives
$1.5M
6.06%
107.
Snowswap
Ethereum
DEXes
$1.5M
5.59%
108.
Auctus
Ethereum
Derivatives
$1.4M
24.46%
109.
Varen
Ethereum
DEXes
$1.2M
-4.43%
110.
ForTube
Ethereum
Lending
$1.1M
-0.46%
111.
DFI.money
Ethereum
Assets
$1.1M
0.54%
112.
PEAKDEFI
Ethereum
Assets
$996.4K
0.40%
113.
yAxis
Ethereum
Assets
$837.6K
-0.12%
114.
Value DeFi
Ethereum
Assets
$827.9K
2.64%
115.
Cover Protocol
Ethereum
Derivatives
$814.2K
-0.03%
116.
Futureswap
Ethereum
Derivatives
$764.3K
3.32%
117.
DeFiner
Ethereum
Lending
$692.2K
0.16%
118.
Volmex Finance
Ethereum
Derivatives
$688.3K
0.11%
119.
DeFi Yield Protocol
Ethereum
Assets
$543.0K
1.03%
120.
Ruler Protocol
Ethereum
Lending
$429.2K
0.25%
121.
Value Liquid
Ethereum
DEXes
$426.8K
2.07%
122.
UniTrade
Ethereum
DEXes
$248.0K
-1.77%
123.
QIAN
Ethereum
Lending
$242.0K
-0.27%
124.
Primitive
Ethereum
Derivatives
$218.4K
6.06%
125.
S Finance
Ethereum
DEXes
$102.7K
-0.08%
126.
DeFireX
Ethereum
Assets
$40.2K
0.21%
127.
RAY
Ethereum
Lending
$2.1K
4.72%

What is DeFi?

DeFi is an abbreviation of the phrase decentralized finance which generally refers to digital assets and financial smart contracts, protocols, and decentralized applications (DApps), most of which are built on Ethereum. In simpler terms, it's financial software built on the blockchain that can be pieced together like Money Legos. Read more about DeFi.

What’s the purpose of DeFi Pulse?

DeFi Pulse is a site where you can find the latest analytics and rankings of DeFi protocols. Our rankings track the total value locked into the smart contracts of popular DeFi applications and protocols. Additionally, we curate The DeFi List, a collection of the best resources in DeFi, DeFi Pulse Farmer, a newsletter covering the latest news and opportunities in DeFi. You can also learn about developments and opportunities in the Polkadot and Kusama ecosystem by subscribing to our Dot Pulse newsletter.

How do we calculate total value locked (TVL)?

DeFi Pulse monitors each protocol’s underlying smart contracts on the Ethereum blockchain. Every hour, we refresh our charts by pulling the total balance of Ether (ETH) and ERC-20 tokens held by these smart contracts. TVL(USD) is calculated by taking these balances and multiplying them by their price in USD. You can view the open source project adapters that power our metrics here.

How do I get involved in DeFi?

Decentralized finance is open for anyone to take part in. You can start by exploring the resources found on The DeFi List. Stay informed on the latest news and opportunities in DeFi by subscribing to the DeFi Pulse Farmer newsletter. You can also learn about developments and opportunities in the Polkadot and Kusama ecosystem by subscribing to our Dot Pulse newsletter. And if you’re looking to dive head first into the world of DeFi, we’ve written a beginner’s guide called Zero to DeFi. It will teach you the basics, guiding you through how to start earning passive income via DeFi lending services.

How do I get my project listed on DeFi Pulse?

Check out this step by step guide on how projects can partner with DeFi Pulse to join the DeFi Pulse Leaderboard.